329 Shumate CirClevelandMS38732
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cleveland at 329 Shumate Cir, Cleveland, MS, 38732 priced at $155,000 pairs $1,236/mo rent with $123/mo cash flow after a $759/mo payment. Total monthly income equals $1,236/mo, and annual cash flow comes to $1,479/yr on $51,383 invested. Return on cash invested is 22.79% in year one, and rental yield stands at 9.57% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 119.63% and total cumulative return in cash reaches $61,468. For financing, Ziffy Mortgage’s DSCR program evaluates $1,236/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38732, Cleveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,565 (100%) |
| Owner Occupied HU | 4,014 (53.1%) |
| Renter Occupied HU | 2,663 (35.2%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $166,371 |
| Average Home Value | $215,644 |
Housing Distribution
Address Breakdown
Residential
7,183
Single Family
6,479
Multi-Family
704
Businesses
972
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bruce E West • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4079195
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.